YFM Completes £5m Investment In AutomatePro

Irwin Mitchell has advised YFM Equity Partners (YFM) on its £5m Series A investment in software provider, AutomatePro, as it looks to grow and build on its US presence.

YFM’s investment, which is through its British Smaller Companies VCTs, will also be used to scale up AutomatePro’s sales, marketing and customer success functions and to develop innovative new product modules.

AutomatePro software is designed to remove mundane and repetitive tasks from development teams, helping keep software up to date and running efficiently, and helps companies accelerate the delivery of business critical applications on their enterprise cloud platforms.

Its product is closely aligned with multi-billion dollar revenue software business ServiceNow, enabling automated testing and automated documentation creation for its enterprise Software as a Service (SaaS) platform, helping accelerate ServiceNow’s customers’ digital transformation programs.

Irwin Mitchell Corporate lawyers, Dan Bastide and Gregory Mazgajczyk, advised the YFM team on the transaction.

Expert Opinion

“AutomatePro is experiencing rapid growth and has significant opportunities to develop the business both here and overseas. YFM has a great track record for supporting innovative organisations such as this and I look forward to seeing the business go from strength to strength in the future.” Dan Bastide, Corporate partner at Irwin Mitchell.

Roshan Puri, Investment Director at YFM Equity Partners added: “The AutomatePro team has built a world class SaaS product that’s delivering significant value to some of the largest and most complex organisations. Intelligent automated testing is a key feature of DevOps best practice and has become a necessity for organisations looking to maximise value from their IT infrastructure and IT talent.

“We are really bullish on investing further in software and services business enabling DevOps, and the great teams we are backing are benefiting from being part of a group of high growth business in this space with the common support of YFM.”